On Friday, Third Harmonic Bio Inc (NASDAQ: THRD) was 6.07% up from the session before settling in for the closing price of $11.03. A 52-week range for THRD has been $8.07 – $16.94.
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When this article was written, the company’s average yearly earnings per share was at -41.99%. With a float of $17.43 million, this company’s outstanding shares have now reached $44.73 million.
Considering the fact that the conglomerate employs 30 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 95.57%, operating margin of -6320.33%, and the pretax margin is -1387.56%.
Third Harmonic Bio Inc (THRD) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Third Harmonic Bio Inc stocks. The insider ownership of Third Harmonic Bio Inc is 61.32%, while institutional ownership is 39.99%. The most recent insider transaction that took place on Nov 08 ’24, was worth 31,755. In this transaction Chief Medical Officer of this company sold 2,117 shares at a rate of $15.00, taking the stock ownership to the 0 shares. Before that another transaction happened on Oct 29 ’24, when Company’s See Explanation of Responses sold 1,000,000 for $14.30, making the entire transaction worth $14,300,000. This insider now owns 176,692 shares in total.
Third Harmonic Bio Inc (THRD) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -41.99% per share during the next fiscal year.
Third Harmonic Bio Inc (NASDAQ: THRD) Trading Performance Indicators
You can see what Third Harmonic Bio Inc (THRD) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 42.50.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.96, a number that is poised to hit -0.35 in the next quarter and is forecasted to reach -1.44 in one year’s time.
Technical Analysis of Third Harmonic Bio Inc (THRD)
Compared to the last year’s volume of 0.15 million, its volume of 0.23 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 18.12%. Additionally, its Average True Range was 1.07.
During the past 100 days, Third Harmonic Bio Inc’s (THRD) raw stochastic average was set at 27.03%, which indicates a significant decrease from 46.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.52% in the past 14 days, which was higher than the 70.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $12.95, while its 200-day Moving Average is $12.16. Nevertheless, the first resistance level for the watch stands at $12.09 in the near term. At $12.47, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.05. If the price goes on to break the first support level at $11.13, it is likely to go to the next support level at $10.55. Should the price break the second support level, the third support level stands at $10.17.
Third Harmonic Bio Inc (NASDAQ: THRD) Key Stats
There are 45,058K outstanding shares of the company, which has a market capitalization of 559.20 million. As of now, sales total 0 K while income totals -30,820 K. Its latest quarter income was 0 K while its last quarter net income were -13,800 K.
